USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 135.92; (P) 136.23; (R1) 136.55; More… No change in USD/JPY’s outlook as focus stays on 38.2% retracement of 151.93 to 127.20 at 136.64. Rejection by this fibonacci level, followed by break of 134.04 support, will argue that such rebound from 127.20 has completed, and turn bias back to the downside. However, sustained […]

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